Not really new just an extension to a new class of institutions

Reader comment on: 'Orderly Liquidation Authority'

Submitted by lyle (United States), May 13, 2010 17:07

The FDIC already has the authority to do just what you say to banks that take deposits, just not to the holding company. (WAMU the bank went under the holding company filed chapter 7 therafter wiping out those foolish enough to loan to it) The fdic places depositors above all other creditors today, in the closure of a bank. This just extends the authority to the holding company.

Note: Comments are moderated by the editor and are subject to editing.

The Future of Capitalism replies:

Yeah but those are institutions with insured depositors. If you don't have insured depositors why should you be subject to this?

Other reader comments on this item

Title By Date
⇒ Not really new just an extension to a new class of institutions
[w/response] [68 words]		lyleMay 13, 2010 17:07
↔ If you don't want to be subject just break your self up into more pieces [156 words]lyleMay 14, 2010 01:22

Comment on this item

Mark my comment as a response to Not really new just an extension to a new class of institutions by lyle

Email me if someone replies to my comment

Note: Comments are moderated by the editor and are subject to editing.